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Union Jack Oil's Crossroads well drilled on budget; production testing starts June

Market News
15 May 2026
Proactive Investors
View Source
Bullish
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Union Jack Oil has successfully drilled its Crossroads well in Garvin County, Oklahoma, to a depth of 4,600 feet on budget. The company, holding a 43% interest, identified several promising hydrocarbon zones and will begin production testing in mid-June, led by operator Reach Oil and Gas. The well shows good potential with multiple intervals selected for testing, and nearby wells have previously produced hydrocarbons, indicating strong upside potential.

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